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Temporary Slowdown in Economic Growth. Economic Outlook for 2001 and 2002

Author

Listed:
  • Ewald Walterskirchen

    (WIFO)

Abstract

The slackening of the business cycle in the USA and the consequences of the rise in oil prices are set to dampen economic growth in the months to come. Following the strong cyclical upturn in 2000 (+3.3 percent), demand and output in Austria are expected to expand by a more moderate 2.6 percent in 2001, before re-gaining momentum in 2002. The somewhat slower pace of activity will still allow unemployment to decline further. Inflation is also likely to abate markedly, if the most recent moves to a downward trend in both oil prices and the dollar exchange rate are confirmed.

Suggested Citation

  • Ewald Walterskirchen, 2001. "Temporary Slowdown in Economic Growth. Economic Outlook for 2001 and 2002," WIFO Monatsberichte (monthly reports), WIFO, vol. 74(1), pages 13-14, January.
    • Handle: RePEc:wfo:monber:y:2001:i:1:p:13-14
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